Concentration Of Wealth Quotes & Sayings

Diversification may preserve wealth, but concentration builds wealth. — Warren Buffett

Similar things are happening in Africa, here, and in Europe. The indignados in southern Europe and the Occupy movements here are in a sense similar, even if that are from different worlds. The protests are not against dictatorships but against the shredding of democratic systems and the consequences of the Western version of the neoliberal system, which has had structurally consistent effects for the past thirty years: a very narrow concentration of wealth in a fraction of 1 percent of the population, stagnation for a large part of the rest, deregulation, and repeated financial crises, each one harsher than the last. — Noam Chomsky

Concentration of wealth and power has been built upon other people's money, other people's business, other people's labor. Under this concentration, independent business has been a menace to American society. — Franklin D. Roosevelt

Extroverts tend to tackle assignments quickly. They make fast (sometimes rash) decisions, and are comfortable multitasking and risk-taking. They enjoy "the thrill of the chase" for rewards like money and status. Introverts often work more slowly and deliberately. They like to focus on one task at a time and can have mighty powers of concentration. They're relatively immune to the lures of wealth and fame. — Susan Cain

One way to have broader access to wealth is to reduce the tax on the large group and increase the tax on the very top so concentration of wealth doesn't get to extreme levels. — Thomas Piketty

There are many causes for the increasing concentration of wealth in a shrinking elite, but let us throw one more into the mix: the ever more aggressive appropriations of the attentional commons that we have allowed to take place.
I think we need to sharpen the conceptually murky right to privacy by supplementing it with a right not to be addressed. This would apply not, of course, to those who address me face to face as individuals, but to those who never show their faces, and treat my mind as a resource to be harvested. — Matthew B. Crawford

Women in America cannot achieve our full economic and personal fulfillment as long as the concentration of wealth and power in the top 1% continues to stifle democratic voices and progressive policies. — Christine Pelosi

Against the new leviathan, whether in the guise of universal suffrage, democracy, or of an equally fraudulent triumphant proletariat, he (Kierkegaard) pitted the individual human soul made in the image of a God who was concerned about the fate of every living creature. In contrast with the notion of salvation through power, he held out the hope of salvation through suffering. The Cross against the ballot box or clenched fist; the solitary pilgrim against the slogan-shouting mob; the crucified Christ against the demagogue-dictators promising a kingdom of heaven on earth, whether achieved through endlessly expanding wealth and material well-being, or through the ever greater concentration of power and its ever more ruthless exercise. — Malcolm Muggeridge

The free market is notorious for distributing resources in a highly unequal manner, with great concentrations of wealth at the top and poverty at the bottom. Our social programs, modest compared to those of many other Western countries, play an important role in redistributing some of those resources from the haves to the have-nots. — Linda McQuaig

The top 1% holds nearly half of the financial wealth, the greatest concentration of wealth of any industrialized nation, more concentrated than at any time since the Depression. In 1980, on average, CEOs earned 42 times the salary of the average worker, and these days they earn about 476 times that salary. Since 1980, the rich have been getting richer fast and furiously and hard-working people in the middle are sliding down the greasy slope who never imagined this could happen to them. The concentration of wealth and power in the hands of a few is the death knell of democracy. No republic in the history of humankind has survived this. — Garrison Keillor

Root cause of inequality is the mass scale digital disruption advantage as means of wealth creation is concentrated. — Ziad K. Abdelnour

What's dangerous is the concentration of wealth in the hands of a few individuals. — Arpad Busson

The most recent estimate is that a mere 400 individuals in the United States now own more wealth than the bottom 180 million Americans taken together -- a degree of wealth concentration that is accurately, not rhetorically, properly designated medieval. — Gar Alperovitz

According to the World Bank, the concentration of wealth and the structures of corporate economic power have no bearing on woman's rights. — Michel Chossudovsky

The upper retainable income limit would be a reflection of a consciousness shift on the planet; an awareness that the highest purpose of life is not the accumulation of the greatest wealth, but the doing of the greatest good - and a corollary awareness that, indeed, the concentration of wealth, not the sharing of it, is the largest single factor in the creation of the world's most persistent and striking social and political dilemmas. — Neale Donald Walsch

What most people call power Buddhists call cravings. The five cravings are for wealth, fame, sex, fancy food, and lots of sleep. In Buddhism, we speak of the five true powers, five kinds of energy. The five powers are faith, diligence, mindfulness, concentration, and insight. The five powers are the foundation of real happiness; they are based on concrete practices — Thich Nhat Hanh

In progressive societies the concentration[of wealth] may reach a point where the strength of number in the many poor rivals the strength of ability in the few rich; then the unstable equilibrium generates a critical situation, which history has diversely met by legislation redistributing wealth or by revolution distributing poverty. — Will Durant

The concentration of wealth is a natural result of this concentration of ability, and regularly recurs in history. The rate of concentration varies (other factors being equal) with the economic freedom permitted by morals and laws. — Will Durant

There is, as every schoolboy knows in this scientific age, a very close chemical relation between coal and diamonds. It is the reason, I believe, why some people allude to coal as "black diamonds." Both these commodities represent wealth; but coal is a much less portable form of property. There is, from that point of view, a deplorable lack of concentration in coal. Now, if a coal-mine could be put into one's waistcoat pocket - but it can't! At the same time, there is a fascination in coal, the supreme commodity of the age in which we are camped like bewildered travellers in a garish, unrestful hotel. — Joseph Conrad

Wealth and privilege are most easily defended when they are possessed jointly. The so-called 'abolition of private property' which took place in the middle years of the century meant, in effect, the concentration of property in far fewer hands than before: but with this difference, that the new owners were a group instead of a mass of individuals. — George Orwell

The population is angry, frustrated, bitter - and for good reasons. For the past generation, policies have been initiated that have led to an extremely sharp concentration of wealth in a tiny sector of the population. In fact, the wealth distribution is very heavily weighted by, literally, the top tenth of one percent of the population, a fraction so small that they're not even picked up on the census. You have to do statistical analysis just to detect them. And they have benefited enormously. This is mostly from the financial sector - hedge fund managers, CEOs of financial corporations, and so on. — Noam Chomsky

Government schooling made people dumber, not brighter; made families weaker; ruined formal religion with its hard-sell exclusion of God; set the class structure in stone by dividing children into classes and setting them against one another; and has been midwife to an alarming concentration of wealth and power in the hands of a fraction of the national community. — John Taylor Gatto

Liberals are concerned about the concentration of wealth because it almost inevitably leads to a concentration of power that undermines democracy. — Robert Reich

Wealth and power are also often disasters, with casualties and wreckage. Maybe what often gets called wealth in booms should mostly be imagined as impoverishment of the majority who don't become wealthy and often become displaced or priced out locally, served up with the collateral damage from the concentration of power, resources, and the control of place. — Rebecca Solnit

The problems of the global economy are not based in perception, but in the reality of prices, balance sheets and income statements, vast concentrations of wealth and power, precarious systemic imbalances, ruthless exploitation, and command economies mismanaged by Central State/Bank policy and manipulation. — Charles Hugh Smith

New Jersey was actually a very cold place. There was such an intense concentration of wealth, and such a low concentration of any actual human happiness. A lot of people seem to be similar to the kid in school, which is doing a lot of things with no direct consequence to their joy, or their lives. — Ezra Miller

By the end of his presidency - and the sixteen-year run of Dixie dominance in Washington - income inequality and the concentration of wealth in the federation had reached the highest levels in its history, exceeding even the Gilded Age and Great Depression. In 2007 the richest tenth of Americans accounted for half of all income, while the richest 1 percent had seen their share nearly triple since 1994.8 — Colin Woodard

Concentration of wealth yields concentration of political power. And concentration of political power gives rise to legislation that increases and accelerates the cycle. — Noam Chomsky

I love my family and I had a very wonderful, magical childhood. But New Jersey was actually a very cold place. There was such an intense concentration of wealth, and such a low concentration of any actual human happiness. — Ezra Miller

It [concentration of wealth and power] has been a menace to ... American democracy. — Franklin D. Roosevelt

We conclude that the concentration of wealth is natural and inevitable, and is periodically alleviated by violent or peaceable partial redistribution. In this view all economic history is the slow heartbeat of the social organism, a vast systole and diastole of concentrating wealth and compulsive recirculation. — Will Durant

The real challenge is figuring out how the United States can regain control of its future from its new oligarchy and restore its position as a prosperous, fair, well-educated nation. For if we don't, the current pattern of great concentration of wealth and power will worsen, and we may face the steady immiseration of most of the American population ... — Charles Ferguson

Market forces and capitalism by themselves aren't sufficient to ensure the common good and to limit the concentration of wealth at levels that are compatible with democratic ideals. — Thomas Piketty

The two great aims of industrialism - replacement of people by technology and concentration of wealth into the hands of a small plutocracy - seem close to fulfillment. — Wendell Berry

In Egypt the neoliberal programs have meant statistical growth, like right before the Arab Spring, Egypt was a kind of poster child for the World Bank and the IMF [International Monetary Fund:] the marvelous economic management and great reform. The only problem was for most of the population it was a kind of like a blow in the solar plexus: wages going down, benefits being eliminated, subsidized food gone and meanwhile, high concentration of wealth and a huge amount of corruption. — Noam Chomsky